Trading guide, as you can understand from the term, is a compilation of tips and tricks that can help you in trading. Whether you are new to the world of trading or are an expert in it, a trading guide is a very useful document.
Moreover, every trading guide has a specific purpose. So, if you are thinking about trading, a trade guide will serve you like a self-help manual. So, whether it is about trading options, metals, grains or any other futures contract– a trading guide has all the information in it.
You don’t need to buy one, for you will able to find a number of them online. We at Cannon Trading help you make the most of your trading ventures. Therefore, we have compiled some of the best trading guides for you to learn from. Listed under this category archive are some trade guides using which you can use to help you succeed in many trading ventures. There is enough information in these guides that can help you master the art of trading futures and options smartly.
All futures markets will be open as normal tomorrow, however banks will closed due to Veterans day and we will NOT have any economic reports.
Daily mini SP 500 chart with possible support/resistance levels for your review below:
Continue reading “Futures Trading Levels and Veterans Day Schedule, November 11th 2010”
We started out the week with slow trading day and narrow range on stock index futures.
I got a “small sell signal” on mini Dow, which I would like to see a bit more down move before acting on it, simply because volume was not sufficient enough to confirm a good probability of a correction. However, while the probability for down move is not big, the risk reward with a stop above the previous high is not bad….
Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results. Continue reading “Futures Trading Levels and Economic Reports for Novemeber 9th 2010”
Some potential levels to watch on the way up and/or on pullbacks in the mini Russell WEEKLY chart below:
Continue reading “Futures Trading Levels and Economic Reports for November 5th 2010”
| Daily Support & Résistance Levels | Mini-S&P 500 Futures Dec. 10 |
Mini-Nasdaq 100 Futures Dec. 10 |
Mini-Dow Futures Dec. 10 |
Mini Russell 2000 Futures Dec.10 |
30-year US Bond Futures Dec. 10 |
10-Year US Note Futures Dec. 10 |
|---|---|---|---|---|---|---|
| Support 3 | 1166.00 | 2071.00 | 10964 | 695.30 | 13119 | 12602 |
| Support 2 | 1172.25 | 2082.00 | 11028 | 699.90 | 13204 | 12616 |
| Support 1 | 1176.00 | 2090.00 | 11064 | 702.50 | 13213 | 12621 |
| Resistance 1 | 1182.25 | 2102.00 | 11132 | 707.30 | 13230 | 12707.5 |
| Resistance 2 | 1188.25 | 2118.00 | 11154 | 711.70 | 13303 | 12714 |
| Resistance 3 | 1196.75 | 2133.00 | 11213 | 719.70zb | 13320 | 12722 |
| Daily Support & Resistance Levels |
Gold Futures Dec.2010 |
Silver Futures Dec. 2010 |
Copper Futures Dec. 2010 |
Crude Oil Futures Nov. 2010 |
Euro Curr. Dec. 2010 |
Dollar Index Dec. 2010 |
| Support 3 | 1297.0 | 23.27 | 3.766 | 79.90 | 1.3867 | 76.33 |
| Support 2 | 1319.0 | 23.57 | 3.793 | 80.97 | 1.3909 | 76.75 |
| Support 1 | 1328.0 | 23.76 | 3.810 | 81.63 | 1.3956 | 77.21 |
| Resistance 1 | 1343.0 | 23.91 | 3.836 | 82.49 | 1.4042 | 77.65 |
| Resistance 2 | 1351.0 | 24.11 | 3.868 | 83.10 | 1.4100 | 77.84 |
| Resistance 3 | 1358.0 | 24.31 | 3.880 | 85.10 | 1.4156 | 78.02 |
Updated: 21-Oct-10 08:30 ET
Click on a “Release” for Insight
| Date | ET | Release | For | Actual | Briefing.com | Consensus | Prior | Revised From |
|---|---|---|---|---|---|---|---|---|
| Oct 21 | 08:30 | Initial Claims | 10/16 | 452K | 450K | 455K | 475K | 462K |
| Oct 21 | 08:30 | Continuing Claims | 10/09 | 94441K | 4450K | 4400K | 4450K | 4399K |
| Oct 21 | 08:30 | Leading Indicators | Sep | NA | 0.3% | 0.3% | 0.3% | |
| Oct 21 | 08:30 | Philadelphia Fed | Oct | NA | 1.5 | 1.4 | -0.7 |
Continue reading “Daily Support & Resistance and Economic Data to be Released, October 21th 2010”
Have a great weekend!! take time to clear your “trading brain” and allow it to recharge.
Screen shot from today’s session during our “live charts” service where one can see real-time trade set ups like below
(blue diamonds = possible buy, red diamonds = possible sell)
Charts included in this service are: Mini SP 500, Euro Currency and Crude oil.
For a Free Day Trading Webinar Trial Please Visit:
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https://www.cannontrading.com/tools/intraday-futures-trading-signals
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Continue reading “Free Day Trading Webinar Trial, October 18th 2010”
FOMC tomorrow around 2:15 Eastern time. Even before that we will start the day with some important housing numbers. FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow. If you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the market. My observations suggest choppy, low volume up until announcement, followed by some some sharp volatile moves right during and after the announcement. I am including 5 minutes chart from August 10th of this year, which was the last FOMC we had for your reference. Continue reading “FOMC to Provide Futures Trading Market with Direction, September 21st, 2010”
At any time traders, especially self directed futures traders, must be aware of first notice day, last trading, economic reports etc.
Tomorrow is first notice day for August Gold futures contract – As your futures and commodity broker we try our best to keep many of you informed via this daily blog but always make sure you contact your futures broker with any questions you may have.
Daily chart of September e-mini Dow Jones below for review. I am not sure about direction to be honest. Both bulls and bears have a case and at this point we are trading in a band between 10293 and 10536, which is a wide trading range.
